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Sxpusd

SXP/BTC (Test Key Trendline Resistance?)💎Technical Analysis Summary💎 BINANCE: SXPBTC -SXP retested key support area and may have found support again -This is good in the short term Bullish action -But the midterm trendline resistance is still there -We can not ignore this potential strong barrier -Because the Bears can easily enter the market -If you want to enter on a safer approach -Please wait for a trendline breakout -And wait for support retest after -Upside target is up to 20ks sat or higher A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
18
Swipe SXP - Elliott Wave + parallel channelParallel channel is already broken, but there is still a possibility to retest this channel as support! Please, keep that in mind. Else the elliott wave count is completed to the downside, which is of course bullish. I will provide a detailed technical analysis and wave analysis to this coin on lower time frame as well, follow me so you don't miss this update... If you like this technical analysis , please hit the like button and follow me for more of these ideas!
Long
by UnknownUnicorn2537518
2
SXP Finally Moving BULLISH - Triangle Wedge Broken #SXP TA Update: 1. SXP has been in a downtrend since 30 Aug 2020 due to the instability of Bitcoin Dominance. 2. SXP has rejected monthly support, and it is near the demand & supply zone. We may see some accumulation here, and Bullish move afterward. 3. Volume is continuously decreasing as well as price has been decreasing, which means that the downtrend is not supported by the volume, and weak hands are selling it. 4. Volume Needs to increase for uptrend move. 5. Lots of events are coming for SXP at the end of September, so may see a spike in price around 30 SEP 2020. Also in October. 6. IMPORTANT: Keep In mind the BTC Dominance as well, BTC Dominance is at the RESISTANCE level, if it breaks the resistance then ALTS gonna BLEED more. So, Watch Closely. Trade Safe. Never Invest you whole Capital. Go with 5-10% per trade. Please support me by giving a like or thumbs up to this post.
Long
by SmartMaxi
3
SXP/BTC (Testing Last Area of Support)KUCOIN: SXPBTC -SWIPE is now testing the last key support area at 13500 sat -This level is very important because it will decide its midterm future -On the good side, it is trading inside this Bullish descending channel -The pattern is unconfirmed until it manages to break upside -Is it good to enter now an anticipate a breakout soon? -Yes as long as you will have proper allocation and stop-loss level -But my best advice is to wait to form a base of support -And also, patiently wait for the breakout confirmation -With this, you will reduce the risk and have a good stop-loss area `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
9
SXP/BTC (Testing Major Support?)KUCOIN: SXPBTC -Swipe is now testing key support area at 16000 sat -And forming a descending channel which is bullish in technical pattern -To trade this pattern, the safest approach is to wait for breakout direction (upside) -Once the breakout is confirmed to the north, strong buying present will start to jump in -The upside potential is up to 36000 sat or higher -100D MA is already approaching the price and will likely once starts consolidating **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
11